From this morning: I don't understand why the Contango situation has been reversed with Brent (it's now backwardation) but is still active with WTI, anyone care to explain? Latest Brent: September U6 contract: 78.33 October V6 contract: 78.10 Latest WTI: September contract: 77.06 October contract: 78.40 Gene
it is a very complex game.. has a lot to do with the real contract specifications of brent futures and the physical stream.. have a read and i think u will answer ur questions very easily.